OSL Group and Tether Point Finance Complete First HKDAP HKD Stablecoin Transfer Test on May 13

According to OSL Group, the company and Tether Point Finance completed the first transfer test of HKDAP (HKD At Par) on the Ethereum mainnet on May 13. The test covered the full process of converting fiat HKD into reserve assets, minting, and transferring HKDAP, with all transactions backed 100% by reserve assets held by Standard Chartered Bank. All HKDAP tokens issued during the test have been fully redeemed. HKDAP is expected to launch in phases by the end of Q2 2026.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments